Friedrich Eichiner

BMW's expansion in N. America will counter cooling China

March 21, 2015 06:01 CET

BMW's decision to add a car plant in Mexico was motivated by a desire to reduce its reliance on the cooling Chinese market, CEO Norbert Reithofer said. BMW plans to build up to 150,000 cars a year at a new factory in Mexico starting in 2019....
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BMW extends CFO Eichiner's contract until 2017

Sept. 19, 2014 11:31 CET

BMW will extend the contract of 59-year-old Chief Financial Officer Friedrich Eichiner by another two years, a change by the company that has until now forced its board members to retire at 60. Eichiner's contract was due to expire next year....
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BMW will raise China capacity to 400,000 vehicles

July 16, 2014 13:23 CET

BMW said it will raise capacity at its two Chinese plants by a third to 400,000 cars over the next two years and double the range of locally made vehicles to six models....
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BMW says legal hurdles prevent bigger Brilliance JV stake in China

May 9, 2014 10:44 CET

BMW says legal barriers prevent it from increasing its stake in a Chinese joint venture with Brilliance, even as rival Daimler appears to have found a loophole in the market's strict ownership rules....
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BMW Group Q1 profit rises 3% on SUVs

May 6, 2014 10:42 CET

BMW Group reported a 3 percent rise in first-quarter profit as increasing demand for its SUVs helped offset spending on expansion. Revenue gained 4 percent to 18.2 billion euros....
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